RBI maintains the status quo on the repo rate, assuring stability. Home loan EMIs update, relief to borrowers. Read More>>
Source - Moneycontrol
Governor Shaktikanta Das's decision aids borrowers. Unchanged rates bring solace for managing debt and household expenses.
Source - Moneycontrol
Stable repo rate echoes in home loan rates. Leading banks offer rates from 8.4-9.05%. Borrowers adapt to adjusted interest rates.
Source - Moneycontrol
250 bps repo rate hike from May 2022 to February 2023 increased debt burdens. Borrowers experienced rising EMIs and extended loan tenures.
Source - Moneycontrol
Existing borrowers urged to explore lower home loan rates. Prepayment and switching lenders can alleviate the impact.
Source - Moneycontrol
New home loan seekers cautioned against hasty decisions based on policy rate changes. Long-term loans may witness multiple interest rate cycles.
Source - Moneycontrol
Depositors are advised to maximize returns through a laddering strategy. Explore shorter tenures and higher returns in fixed deposits.
Source - Moneycontrol